Infrastructure holding firm Metro Pacific has obtained original proponent status for an unsolicited proposal to create a solid waste-to-energy facility in Quezon City, Philippines, which would be capable of processing and converting up to 3,000 metric tons of solid waste into 42 megawatts of renewable energy per day.
If Metro Pacific is awarded approval for the project, development and construction will take approximately three to four years and funds for the project would come from both debt and equity.
Philippine Daily Inquirer has more details:
A consortium led by infrastructure holding firm Metro Pacific has obtained original proponent status for an unsolicited proposal to develop a solid waste-to-energy facility for Quezon City.
Apart from Metro Pacific Investments Corp. (MPIC), the consortium also includes Covanta Energy LLC and Macquarie Group Ltd., MPIC disclosed to the Philippine Stock Exchange on Monday.